Report on the Simulation of Low Carbon Green Growth Policies, including the Results of Impact Assessment and Final Policy Recommendations
This assessment presents a synthesis of analysis to contribute to the definition of a lower carbon and greener growth path for Romania to 2050. The objective of Romania’s green growth path is to implement mitigation actions and undertake needed ada...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2015/11/26362663/romania-component-3-romania-climate-change-report-simulation-low-carbon-green-growth-policies-including-results-impact-assessment-final-policy-recommendations http://hdl.handle.net/10986/24783 |
| Summary: | This assessment presents a synthesis of
analysis to contribute to the definition of a lower carbon
and greener growth path for Romania to 2050. The objective
of Romania’s green growth path is to implement mitigation
actions and undertake needed adaptation while preserving
growth and employment. Romania has maintained a steady
growth in output while containing the growth of its
greenhouse gas (GHG) emissions. From now to 2050, real
incomes in Romania are expected to continue to grow, and its
carbon emissions are expected to continue declining. Romania
can meet the targets of the green scenario with only modest
costs to growth and employment, European Union (EU)
emissions trading for energy-intensive sectors sets a
uniform price for GHG allowances, which generates an
efficient allocation across countries of mitigation actions
in those sectors. The difficulty of meeting the tighter
targets for mitigation set out in the green and super green
scenarios will be eased significantly by improvements in
energy efficiency. Proactive measures to promote smart urban
development in Bucharest and other urban areas, including
more compact city design, transport-oriented development
that changes modal-split, upgrades to a more efficient
vehicle stock, and policies promoting building efficiency
upgrades, can deliver sizable reductions in annual energy
spending and emission levels. |
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